WE ARE HAVE TEMPORARILY OPENED OUR SIGNATURE LOANS AND SPECIAL LOANS.
WE WILL NOT BE ACCEPTING AUTO OR TRACTOR LOAN APPLICATIONS
EFFECTIVE AUGUST 1, 2023.
For more information, contact Trinesa Barojas at 601-676-0566 or through email: trinesa.barojas@choctawfcu.org
Qualifications
Must be a member for a minimum of 90 days. During loan specials, we waive the 90-days waiting period. Interest rates are determined by credit score for the qualified amount. All loans are determined by credit score for the amount qualified and debt-to-income ratio (DTI Ratio) that does not exceed the 50%.
More About Loans
Low-cost loans are one of the greatest benefits of credit union membership. Whether you are financing your first car, tractor (i.e. zero turn) or a personal loan, you will find low rates, affordable payments and personal service right here at Choctaw Federal Credit Union.
A cosigner must complete a loan application, employment verification, and a Notice to Cosigner Form. A cosigner must be a member with a credit score of 620< and 45% or less in debt to income ratio. A cosigner may only sign on one loan at a time. Loan approval will be based the credit-worthiness of the cosigner. The interest rate will be based on the credit-worthiness of the primary borrower.
♦ Maximum loan amount up to $40,000.00
♦ Must be employed 2 years +
♦ Quote must include: Standard & Accessory, Mileage, Model, Make and VIN
*** When approved, member will need full coverage insurance listing Choctaw Federal Credit Union as the lienholder and a loss payee for the life of the loan
♦ Maximum loan amount up to $35,000.00
♦ Less than 125,000 miles
♦ Vehicle will be within the current JD Power official used care guide (Current 7 years guide)
♦ Must be employed 2 years +
♦ Quote must include: Standard & Accessory, Mileage, Model, Make and VIN
♦ Choctaw Federal Credit Union has the right to request inspection
*** When approved, member will need full coverage insurance listing Choctaw Federal Credit Union as the lienholder and a loss payee for the life of the loan
♦ Maximum loan amount up to $40,000.00
♦ Must be employed 2 years +
♦ Quote must include: Standard & Accessory, Equipment (if any) Hours, Model, Make and Serial Number
♦ Choctaw Federal Credit Union has the right to request inspection
*** Protection Coverage for Zero Turn will be explained when applying
*** When approved, member will need full coverage insurance listing Choctaw Federal Credit Union as a loss payee
♦ Loan amount – Minimum $500.00 – $1,000.00
♦ Must be employed 1 year +
♦ NOTE: Also available for refinance
Only offered during specific dates. Check back for more information on date and qualifications.
♦ Spring Fling
♦ Back to School
♦ Christmas
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